DUBLIN, Dec. 21, 2017 /PRNewswire/ --
The "Global Motor Protection Systems Market 2017-2021" report has been added to Research and Markets' offering.
The global motor protection systems market to grow at a CAGR of 4.45% during the period 2017-2021.
Global Motor Protection Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The latest trend gaining momentum in the market is Rising use of IIoT for motor condition monitoring. The Industrial Internet of Things (IIoT) is positioned on accumulating bulk data from many activities and equipment for analysis. The purpose is to enhance processes and improve developments such as the provision of a faster response to customer demands and reduced waste. Industries, which are implementing the Industry 4.0, contain many sensors on the work floor. These sensors report on features as diverse as motor currents and vibrations, batch numbers, final product test, and inspection measurements.
According to the report, one of the major drivers for this market is Rising use of electronic components in overload relays. The use of electronic components in the construction of overload relays has led to increased protection, enhanced features, and better communications, which were otherwise not available in typical eutectic alloy and bimetallic electromechanical overload relays.
Further, the report states that one of the major factors hindering the growth of this market is Low-cost vendors in APAC. APAC, over the last decade, has emerged as a major hub for low-cost solution providers of industrial automation equipment. These solution providers offer uncertified and unauthentic products, which do not comply with any regulatory standards. These products accommodate needs of small-scale and medium-scale industries. These industries either have minimal understanding of safety requirements in a working place or disregard the need for safety of personnel and machinery.
- General Electric
- Rockwell Automation
- Schneider Electric
Other prominent vendors
- Basler Electric
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Market Segmentation By Application
Part 08: Market Segmentation By Product
Part 09: Customer Landscape
Part 10: Market Segmentation By End-User
Part 11: Regional Landscape
Part 12: Decision Framework
Part 13: Drivers And Challenges
Part 14: Market Trends
Part 15: Vendor Landscape
Part 16: Vendor Analysis
Part 17: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/ghsqdl/global_motor?w=5
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
View original content:http://www.prnewswire.com/news-releases/global-motor-protection-systems-market-2017-2021-latest-trend-gaining-momentum-is-the-rising-use-of-iiot-for-motor-condition-monitoring-300574458.html
SOURCE Research and Markets